Click on any of the links below for Real Time Market Statistics, including a 90-day overview of Overall Median Price, Median Price by Price Range, Average Inventory, Average Days on Market, and Market Activity Index.  Be sure to bookmark this page, as the information is constantly changing. For information on a specific neighborhood or property, please contact us directly.  thank you. 


Real Estate Market Statistics by MLS Area

2009 MARKET SNAPSHOT
Prepared by Paul Hurst

 
This survey compares the entire year (Jan. 1 – Dec.31) of 2009 with 2008. Many of the areas are starting to see an increase in the number of sales, while average and median prices are also up slightly from the month before. This, combined with a very slight increase in the % of List Price to Sale Price, indicates we may have seen the bottom.  The median and average sale price numbers are an indication that there are more “less expensive” homes selling than “more expensive” homes. Interestingly, the List/Sale Price ratios continue to remain pretty consistent.  
 
Things are looking up!: ? In 2009, there were about 1335 closed or pending sales*, which works out to nearly 4 closed sales or new escrows every day …not bad! The number of units selling is up over last month in most of the areas. The foreclosure rate is still low compared to the rest of the state and country. Business for Prudential’s local offices is up…we maintain a 22.7% market share in the Santa Barbara area!  We are seeing more investors coming into the market, and more multiple offers, which is another indication the market has hit the bottom. Interest rates are still very, very good!
 
CARPINTERIA / SUMMERLAND
(Includes Beach Property on Padaro, Fernald, San Point, & Finney 

 
YEAR
Sales /
In Escrow
 
% Chg
Average
Sale Price
 
% Chg
Median
Sale Price
 
% Chg
% of
List
SINGLE FAMILY HOMES
YTD
2008
63
60
 
$1,851,241
 
$ 845,000
 
 94
YTD
2009
72
90
+14%
+53%
$1,857,973
+0%
$ 734,000
-13%
 94
CONDOS & TOWNHOMES
YTD 2008
41
45
 
$ 472,775
 
$ 459,000
 
96
YTD
2009
52
68
 +26%
+51%
$ 504,448
+6%
$ 431,250
-6%
 96

 
MONTECITO

 
YEAR
Sales /
In Escrow
 
% Chg
Average
Sale Price
 
% Chg
Median
Sale Price
 
% Chg
% of
List
SINGLE FAMILY HOMES
YTD
2008
159
153
 
$4,327,659
 
$3,300,000
 
94
YTD
2009
142
148
 -10%
-3%
$3,454,113
-20%
$2,345,000
-28%
92
CONDOS & TOWNHOMES
YTD
2008
18
16
 
$1,713,692
 
$1,480,750
 
93
YTD
2009
11
13
 -38%
-18%
$1,106,273
-35%
$   945,000
 -36%
95

 
SANTA BARBARA – EAST OF STATE STREET

 
YEAR
Sales /
In Escrow
 
% Chg
Average
Sale Price
 
% Chg
Median
Sale Price
 
% Chg
% of
List
SINGLE FAMILY HOMES
YTD
2008
199
201
 
$1,338,231
 
$1,120,000
 
94
YTD
2009
232
258
+16%
+28%
$1,059,768
-20%
$   910,000
-18%
94
CONDOS & TOWNHOMES
YTD
2008
57
54
 
$ 706,253
 
$ 605,000
 
 95
YTD
2009
55
69
-3%
+27%
$ 650,806
-7%
$ 539,000
-10%
 95

SANTA BARBARA – WEST OF STATE STREET

 
YEAR
Sales /
In Escrow
 
% Chg
Average
Sale Price
 
% Chg
Median
Sale Price
 
% Chg
% of
List
SINGLE FAMILY HOMES
YTD 2008
140
149
 
$1,035,278
 
$ 929,500
 
96
YTD
2009
154
175
+10%
+17%
$ 834,951
-19%
$ 767,000
-17%
97
CONDOS & TOWNHOMES
YTD 2008
64
67
 
$ 620,780
 
$ 540,000
 
96
YTD
2009
81
90
+26%
+34%
$ 633,727
+2%
$  503,000
-6%
97

 
HOPE RANCH (may inc. an area adj. to, but outside the actual Ranch)

 
YEAR
Sales /
In Escrow
 
% Chg
Average
Sale Price
 
% Chg
Median
Sale Price
 
% Chg
% of
List
SINGLE FAMILY HOMES
YTD 2008
20
19
 
$3,279,479
 
$2,875,000
 
95
YTD
2009
19
22
-5%
+15%
$3,630,132
+10%
$2,556,000
-11%
 90

 
SOUTH GOLETA

 
YEAR
Sales /
In Escrow
 
% Chg
Average
Sale Price
 
% Chg
Median
Sale Price
 
% Chg
% of
List
SINGLE FAMILY HOMES
YTD 2008
81
79
 
$ 874,130
 
$ 735,000
 
98
YTD
2009
84
99
+3%
+13%
$ 865,620
-1%
$ 700,000
-4%
97
CONDOS & TOWNHOMES
YTD 2008
60
61
 
$ 524,737
 
$ 551,900
 
96
YTD
2009
67
77
+11%
+26%
$ 447,589
-14%
$ 451,000
-18%
 97

 
NORTH GOLETA & UNINCORP. SANTA BARBARA (93111)

 
YEAR
Sales /
In Escrow
 
% Chg
Average
Sale Price
 
% Chg
Median
Sale Price
 
% Chg
% of
List
SINGLE FAMILY HOMES
YTD 2008
156
165
 
$ 972,520
 
$ 832,500
 
96
YTD
2009
161
167
+3%
+1%
$ 826,987
-14%
$ 708,000
-14%
 97
CONDOS & TOWNHOMES
YTD 2008
42
41
 
$ 512,549
 
$ 467,500
 
98
YTD
2009
60
67
+42%
+63%
$ 414,143
-19%
$ 397,500
-14%
97
% Change (rounded) compares the YTD of 2009 to YTD of 2008 only;

 
In 2008, a full 87% of all homebuyers used the Internet to search for a home, according to NAR. That’s up from 84% in 2007 and 80% in 2006. Nearly a third of buyers last year first saw the home they purchased on the Internet.
 
YTD CLOSED (& PENDING) SALES BY PRICE POINT
> $499,999
249 (66)
$500,000 - $749,999
332 (54)
$750,000 - $999,999
213 (33)
$1,000,000 - $1,999,999
220 (19)
$2,000,000 - $2,999,999
 65   ( 6)
$3,000,000 - $4,999,999
 37   ( 4)
$5,000,000+ (6 over $15M)
 34    ( 3)
 
*MLS sales of single family homes, condos, townhomes & PUDs.
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Prudential California Realty
1170 Coast Village Road • Montecito, CA 93108
805.680.8216 • 805.570.7158



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